MEXC Ventures increases total investment in Ethena ecosystem to $66 million

Techub News, according to CoinDesk, MEXC Ventures, the investment arm under MEXC, has increased its total investment exposure to the Ethena ecosystem to $66 million. This includes a $30 million investment in Ethena's governance token ENA.

This investment builds upon MEXC Ventures' earlier purchase of $16 million worth of ENA and acquisition of $20 million in USDe earlier this year. Data shows that the market capitalization of Ethena's synthetic stablecoin USDe has grown from approximately $5.3 billion in early July to the current $14.65 billion.